The business cycle means that business downturns and failures are inevitable. Extracting value from a failing business either through a return to profitability or salvaging viable assets affects not just the company owners, but a range of other stakeholders including the management team, creditors, bondholders and other employees.
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The business cycle means that business downturns and failures are inevitable. Extracting value from a failing business either through a return to profitability or salvaging viable assets affects not just the company owners, but a range of other stakeholders including the management team, creditors, bondholders and other employees.
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